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Personal Finance

This variant of SBI fixed deposit pays interest only at time of maturity

Updated : September 12, 2020 03:04 PM IST

State Bank of India (SBI) offers a variant of fixed deposit (FD), known as reinvestment plan, where interest is paid out only at the time of maturity.
Regular interest is added to the principal and compound interest is calculated and paid thereon.
This variant of SBI fixed deposit pays interest only at time of maturity

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